General Dynamics Bath Iron Works Awarded Contract for Additional DDG 51 Destroyer

General Dynamics (NYSE:GD) announced that its Bath Iron Works unit has been awarded a U.S. Navy contract option for an additional DDG 51 destroyer, expanding their multi-year contract from 2023.

Rhea-AI Summary

General Dynamics (NYSE:GD) announced that its Bath Iron Works unit has been awarded a U.S. Navy contract option for an additional DDG 51 destroyer, expanding their multi-year contract from 2023. The company currently has seven destroyers under construction, including Flight IIA Arleigh Burke-class destroyers and Flight III configuration vessels.

Bath Iron Works President Charles F. Krugh highlighted the company's improved construction process and schedule recovery efforts. General Dynamics, which employs over 110,000 people globally, reported revenue of $47.7 billion in 2024.

Positive

• Secured additional U.S. Navy contract for DDG 51 destroyer construction
• Currently executing construction of seven destroyers, demonstrating strong order backlog
• Improving construction process and schedule recovery, indicating operational efficiency gains

Negative

• Previous schedule delays implied by mention of 'clawing back schedule'

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BATH, Maine, July 31, 2025 /PRNewswire/ -- General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), announced today that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract awarded in 2023.

"We are proud to be selected to build this ship for the U.S. Navy and to continue our legacy of contributing to the nation's defense," said Charles F. Krugh, president of Bath Iron Works. "I appreciate the efforts of our team to improve the construction process and build to the plan. We are clawing back schedule so we can deliver more Bath-built ships to our Navy. I would also like to acknowledge and thank our Congressional delegation who added this ship to the Fiscal Year 2025 Defense Appropriations Bill."

Bath Iron Works currently has under construction the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127) as well as the Flight III configuration destroyers Louis H. Wilson Jr. (DDG 126), William Charette (DDG 130), Quentin Walsh (DDG 132), John E. Kilmer (DDG 134) and Richard G. Lugar (DDG 136).

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 110,000 people worldwide and generated $47.7 billion in revenue in 2024. More information is available at www.gd.com. More information about General Dynamics Bath Iron Works is available at www.gdbiw.com.

 

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SOURCE General Dynamics

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What new contract did General Dynamics Bath Iron Works receive in August 2025?

General Dynamics Bath Iron Works received a U.S. Navy contract option for an additional DDG 51 destroyer, expanding their existing multi-year contract from 2023.

How many ships does Bath Iron Works currently have under construction?

Bath Iron Works currently has seven destroyers under construction, including two Flight IIA Arleigh Burke-class destroyers and five Flight III configuration destroyers.

What was General Dynamics (GD) revenue in 2024?

General Dynamics reported revenue of $47.7 billion in 2024.

Which destroyers are currently being built at Bath Iron Works?

Bath Iron Works is currently building the Harvey C. Barnum Jr. (DDG 124), Patrick Gallagher (DDG 127), Louis H. Wilson Jr. (DDG 126), William Charette (DDG 130), Quentin Walsh (DDG 132), John E. Kilmer (DDG 134), and Richard G. Lugar (DDG 136).

How many employees does General Dynamics have worldwide?

General Dynamics employs more than 110,000 people worldwide.